Thailand’s economy has been classified as “efficiency-driven” by the 2012-2013 Global Competitiveness Report. This is in contrast to other leading Asian countries such as Japan and South Korea that have utilized “innovation” to drive the economy. In addition, Thailand was ranked the 60th for higher education and training, the 68th for innovation, and the 84th for technological readiness. In order to compete and to become one of the leading countries in Asia, continuous support of education and frontier research are critically important, including the strategic and systematic development of human resources in science and technology by both government and private sectors.
As the nation’s leading Energy Company, PTT Public Company Limited joins this vision and strongly believes that a higher-education research institute dedicated to science and technology with the missions to foster exceptional scientists and to build cutting-edge knowledge and innovation is crucial for Thailand. Therefore, PTT Public Company Limited is strongly determined to commence a Science and Technology Institute Project in Rayong in order to celebrate the auspicious occasion of Her Royal Highness Princess Maha Chakri Sirindhorn’s 60th Birthday Anniversary in 2015.
The first world-class research institute in science and technology in Rayong, named “Rayong Advanced Institute of Science and Technology or RAIST" (which later on changed to Vidyasirimedhi Institute), has been founded and strives towards world-class academic research and creating knowledge and cutting-edge innovation for the Thai society. Although full support in research funding, university infrastructure, research facilities, teaching equipment and human resources are provided by PTT Public Company Limited, Vidyasirimedhi Institute is designed to be autonomous and academically independent. This ensures that it can professionally and carefully select exceptionally talented students in science and technology to achieve world-class academic excellence. Vidyasirimedhi Institute have the mission to increase the country’s competitiveness and foster the best people in science and technology to ensure guide sustainable development and increase prosperity in Thailand.